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Monday, September 9, 2013

Sometimes we tend to be neglectful of a few things, like planning. We don’t really think ahead or even try to prepare for the future. We all know that death is inevitable, and we may not want to prepare for it, but we should think of those whom we leave behind. Is everything set for them?

When you pass away, obviously, you won’t be able to pack up and bring all your possessions with you. What’s funnier is that you cannot leave them to anyone, too, should you fail to plan things way ahead of time. That is why it is advisable to have property planning because this makes things easier for the ones who are left behind.

It can be a little brutal to discuss about death, especially your own. Maybe that’s why you haven’t thought about it yet. But life can be a little brutal most especially if we talk about practicality. And practicality includes planning our own deaths. Have you heard of memorial plans? They’re more brutal than property planning. So if you wish for your family to inherit your properties if you pass away earlier than expected, you should start planning now!

Sunday, September 8, 2013

In case you don’t know what an annuity is, it is used as a means of providing an
individual a steady cash flow during his or her retirement years. This is a kind of financial
product sold by financial institutions that could have you all set in the future- financially. You
can have a quarterly payment, monthly, or even annual. The amount is dependent on the
premiums you’re paying and the duration of your payment.

The growth of the investor’s money remains tax-deferred. This means that the earned
growth of the money is only taxed when the investor decides to withdraw the money and
take possession of it. If, however, the investor wishes to have an early withdrawal, he or
she will have to pay the insurance company penalty charges, including tax
penalties.

In annuities, there’s no such thing as contribution limits. Compared to
a Roth IRA or even the 401k, annuity can make you contribute any amount into your
account. Aside from the earnings you get from the amount you put in, you also get interest
from the earnings.

Financial intelligence assesses our capability to resolve our own financial problems. In
other words, it measures our ability on cash management. Luckily, we can improve and
increase our financial intelligence. Many people today are having difficulties managing
their own money, and you don’t want to be part of that crowd. It is important that we get
ourselves educated when it comes to money handling.

Anyone at all can choose to have his or her financial intelligence increased. And no;
you don’t have to go back to college simply for that. Nobody has the time to do that; for
sure, you don’t. You just need your will and perseverance. You might have a high-paying
job right now, and you think that you really don’t need to strictly manage your money. That
is where you’re wrong. The aim here is to take control over your own finances instead of it
taking control of you.

A good grasp of managing your own finances is imperative. To have
capability to avoid financial difficulties, you simply need to learn the elements and
important factors about managing our own finances.
Here are a few good tips on how to improve your financial intelligence: